Geopolitical Clouds Loom as European Default Swap Costs Rise in Tandem with Uncertainty

Golden Ten Data reported on March 5 that the cost of euro credit default protection has risen as investors remain cautious during the Middle East war. Patrick Munnelly of Tickmill Group stated in a report: "With geopolitical tensions and economic cross-currents keeping investors on edge, uncertainty continues to shroud the market." According to S&P Global Market Intelligence data, the iTraxx Europe Crossover Index rose by 4 basis points to 269 basis points; the iTraxx Europe Main Index increased by 1 basis point to 57 basis points.